Question :
91. You lose your job and, as a result, you : 1485226
91. You lose your job and, as a result, you buy fewer iTunes music downloads. This shows that you consider iTunes music downloads to be a(n)
a. |
luxury good. |
b. |
inferior good. |
c. |
normal good. |
d. |
complementary good. |
92. Pizza is a normal good if the demand
a. |
for pizza rises when income rises. |
b. |
for pizza rises when the price of pizza falls. |
c. |
curve for pizza slopes upward. |
d. |
curve for pizza shifts to the right when the price of burritos rises, assuming pizza and burritos are substitutes. |
93. Suppose that when income rises, the demand curve for doctor’s visits shifts to the right. In this case, we know doctor’s visits are
a. |
inferior goods. |
b. |
normal goods. |
c. |
perfectly competitive goods. |
d. |
durable goods. |
94. Which of the following would shift the demand curve for gasoline to the right?
a. |
a decrease in the price of gasoline |
b. |
an increase in consumer income, assuming gasoline is a normal good |
c. |
an increase in the price of cars, a complement for gasoline |
d. |
a decrease in the expected future price of gasoline |
95. If a decrease in income increases the demand for a good, then the good is a(n)
a. |
substitute good. |
b. |
complementary good. |
c. |
normal good. |
d. |
inferior good. |
96. If a increase in income decreases the demand for a good, then the good is a(n)
a. |
substitute good. |
b. |
complementary good. |
c. |
normal good. |
d. |
inferior good. |
97. If a good is inferior, then an increase in income will result in
a. |
an increase in the demand for the good. |
b. |
a decrease in the demand for the good. |
c. |
a movement down and to the right along the demand curve for the good. |
d. |
a movement up and to the left along the demand curve for the good. |
98. Currently you purchase ten frozen pizza per month. You will graduate from college in December, and you will start a new job in January. You have no plans to purchase frozen pizzas in January. For you, frozen pizzas are a(n)
a. |
substitute good. |
b. |
normal good. |
c. |
inferior good. |
d. |
complementary good. |
99. Soup is an inferior good if the demand
a. |
for soup falls when the price of a substitute for soup rises. |
b. |
for soup rises when the price of soup falls. |
c. |
curve for soup slopes upward. |
d. |
for soup falls when income rises. |
100.Suppose that Amanda receives a pay increase. We would expect
a. |
to observe Amanda moving down and to the right along her given demand curve. |
b. |
Amanda's demand for inferior goods to decrease. |
c. |
Amanda's demand for each of two goods that are complements to increase. |
d. |
Amanda's demand for normal goods to decrease. |